Banking & Finance

Mashreq NEO PAY and Nymbl collaborate to revolutionize payment solutions and Ecommerce platform for UAE merchants

NEO PAY, powered by Mashreq, has entered a strategic partnership with Nymbl. This collaboration aims to provide a comprehensive solution to SME’s, combining both...

Egypt raises RMB3.5 billion with debut sustainable panda bonds

Egypt will use the proceeds for inclusive growth and green objectives under its sovereign sustainable financing framework.

Mashreq collaborates with Al Etihad Payments to unfold “Aani Instant Payment Services”

Mashreq has joined forces with Al Etihad Payments to introduce the state-of-the-art "Aani Instant Payment Services" on the Mashreq App. The latest service reshapes...

National Bank of Umm Al Quwain achieves 385 million dirhams in net profits during the first nine months of the current year 2023

National Bank of Umm Al Quwain (NBQ) has reported a net profit of AED 385 million for the 9-months period ended on 30 Sep...

Egypt’s Banque Misr secures $234 million from IFC to support SMEs

The loan to Banque Misr will catalyse job creation in Egypt through its focus on providing financing to micro and small businesses

Mastercard, tmam partner to help GCC SMEs digitise corporate expenses

The collaboration will help small businesses digitise their corporate expenses while saving money on company spending.

Emirates NBD, DIFC launch ‘National Digital Talent Incubator’ programme

The incubator programme will run two cohorts per annum, each consisting of three to six fintech startups with UAE national founders and members

Al Etihad Payments, NPCI International Payments to develop UAE domestic card scheme

The UAE’s domestic card scheme is scheduled to launch in early 2024 and it will facilitate the growth of e-commerce and digital transactions.

Egyptian banks suspend debit card use in foreign currency

Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.

FAB successfully completes pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments

First Abu Dhabi Bank (FAB) announces the successful completion of pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments. Coin systems support digital...

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